Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 32,200 shares, a growth of 168.3% from the December 15th total of 12,000 shares. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is presently 0.5 days.
Barings Global Short Duration High Yield Fund Price Performance
Shares of NYSE:BGH opened at $13.64 on Friday. Barings Global Short Duration High Yield Fund has a 1-year low of $11.91 and a 1-year high of $16.85. The business has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $13.12.
Barings Global Short Duration High Yield Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Thursday, March 23rd will be paid a $0.1056 dividend. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 9.29%.
Institutional Trading of Barings Global Short Duration High Yield Fund
Barings Global Short Duration High Yield Fund Company Profile
Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund is co-managed by Babson Capital Global Advisors Limited. It invests in fixed income markets across the globe. The fund primarily invests in global high-yield bonds, loans, and other income-producing instruments that are, at the time of purchase, rated below Baa3 by Moody's Investors Service, Inc or below BBB- by Standard & Poor's Rating Services.
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